Assume red rover began june with 52 units of merchandise inventory, with a cost of $17 per unit. during june, red rover purchased and sold goods as follows:
june 8
purchase
42 units @ $15
14
sale
60 units @ $40
22
purchase
28 units @ $25
27
sale
42 units @ $40
under the fifo inventory costing method, how much is red rover’s cost of goods sold for the sale on june 14?
a. $510
b. $2,400
c. $1,004
d. $936
Answers: 2
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